Category Archives: Tangible Personal Property

What are the new Tangible Property Regulations?

What are the new tangible property regulations? Many of you know, and just as many don’t know, there are new tangible property regulations.  The IRS has been working on these tangible property regulations over 4 years.  They were finalized and enacted … Continue reading

Posted in Accountant, Accounting, Amarillo Cost Segregation, Austin Cost Segregation, Cost Segregation, CPA, Dallas Cost Segregation, Del Rio Cost Segregation, Denver Cost Segregation, Federal Income Tax, Franklin Cost Segregation, Houston Cost Segregation, Income Tax, Income Taxes, LA Cost Segregation, Lubbock Cost Segregation, Nashville Cost Segregation, New York Cost Segregation, Repair & Capitalization, San Angelo Cost Segregation, San Antonio Commercial Real Estate, San Antonio Cost Segregation, Seattle Cost Segregation, Tangible Personal Property, Waco Cost Segregation | Leave a comment

Cost Segregation and the IRS

Cost segregation and the IRS are likened to your hand fitting into your glove…snugly. Cost segregation actually came about as a result of Hospital Corporation of America suing the IRS…and winning!  The Supreme Court of the United States heard arguments … Continue reading

Posted in §1245, §1250, Accelerated Depreciation, Accelerates Depreciation, Amarillo Cost Segregation, American Society of Cost Segregation Professionals, ASCSP, Austin Cost Segregation, Birmingham Cost Segregation, Commercial Real Estate, Cost Segregation, CPA, Dallas Cost Segregation, Del Rio Cost Segregation, Denver Cost Segregation, Federal Income Tax, Franklin Cost Segregation, Houston Cost Segregation, Income Tax, Income Taxes, LA Cost Segregation, Lubbock Cost Segregation, Nashville Cost Segregation, New York Cost Segregation, San Angelo Cost Segregation, San Antonio Commercial Real Estate, San Antonio Cost Segregation, Seattle Cost Segregation, Tangible Personal Property | Leave a comment

BoomerJacks Uses Cost Segregation for Tax Refund

BoomerJacks uses cost segregation for huge income tax refund! Last fall we had the privilege of meeting with the owners of DFW favorite, BoomerJacks restaurants.  Well known in the Dallas/Fort Worth area, BoomerJacks are known for their amazing wings and … Continue reading

Posted in Accelerated Depreciation, Accelerates Depreciation, Amarillo Cost Segregation, American Society of Cost Segregation Professionals, ASCSP, Austin Cost Segregation, Birmingham Cost Segregation, Commercial Real Estate, Cost Segregation, Dallas Cost Segregation, Del Rio Cost Segregation, Denver Cost Segregation, Franklin Cost Segregation, Houston Cost Segregation, Income Tax, Income Taxes, LA Cost Segregation, Land Improvements, Lubbock Cost Segregation, Nashville Cost Segregation, New York Cost Segregation, Restaurants, San Angelo Cost Segregation, San Antonio Commercial Real Estate, San Antonio Cost Segregation, Seattle Cost Segregation, Tangible Personal Property, Waco Cost Segregation | Leave a comment

Cash Flow Improves with Cost Segregation

Cash Flow Improves with Cost Segregation. As many of my small business clients know, Section 179 expensing dropped significantly to $25,000 beginning in 2014.  Bonus Depreciation expired as well.  These deductions were very popular tax strategies increasing cash flow.  I … Continue reading

Posted in Accelerated Depreciation, Accelerates Depreciation, Amarillo Cost Segregation, American Society of Cost Segregation Professionals, Austin Cost Segregation, Birmingham Cost Segregation, Commercial Real Estate, Cost Segregation, Dallas Cost Segregation, Del Rio Cost Segregation, Denver Cost Segregation, Franklin Cost Segregation, Houston Cost Segregation, LA Cost Segregation, Land Improvements, Lubbock Cost Segregation, Nashville Cost Segregation, New York Cost Segregation, San Angelo Cost Segregation, San Antonio Commercial Real Estate, San Antonio Cost Segregation, Seattle Cost Segregation, Tangible Personal Property, Tax Deductions, Waco Cost Segregation | Leave a comment

Repair Capitalization Regulations 2014

IRS Repair and Capitalization Regulations 2014…how do they affect me? The IRS has released much-anticipated final “repair” regulations (T.D. 9636).  These fall under IRC § 162(a) and § 263(a).  The new Repair Capitalization regs govern when taxpayers must capitalize and … Continue reading

Posted in Accelerated Depreciation, Accelerates Depreciation, Accountant, Accounting, ADCPA, AICPA, Amarillo Cost Segregation, Austin Cost Segregation, Birmingham Cost Segregation, Commercial Real Estate, Cost Segregation, CPA, Dallas Cost Segregation, Del Rio Cost Segregation, Denver Cost Segregation, Federal Income Tax, Franklin Cost Segregation, Houston Cost Segregation, Income Tax, Income Taxes, LA Cost Segregation, Lubbock Cost Segregation, Nashville Cost Segregation, New York Cost Segregation, Repair & Capitalization, San Angelo Cost Segregation, San Antonio Commercial Real Estate, San Antonio Cost Segregation, Seattle Cost Segregation, T.D. 9636, Tangible Personal Property, Waco Cost Segregation | Leave a comment

Dry Cleaner Takes the IRS to the Cleaners!

Dry Cleaner Takes the IRS to the Cleaners!  Again! Last we met, our dry cleaner magnate, David Richey, was “cleaning up” a windfall income tax refund and spending it in Hawaii (as I recollect).  He called to say he was … Continue reading

Posted in Accelerated Depreciation, Accelerates Depreciation, Amarillo Cost Segregation, Austin Cost Segregation, Birmingham Cost Segregation, Business, Commercial Real Estate, Cost Segregation, CPA, Dallas Cost Segregation, Del Rio Cost Segregation, Denver Cost Segregation, Dry Cleaner, Franklin Cost Segregation, Houston Cost Segregation, Income Taxes, LA Cost Segregation, Land Improvements, Lubbock Cost Segregation, Nashville Cost Segregation, New York Cost Segregation, San Angelo Cost Segregation, San Antonio Commercial Real Estate, San Antonio Cost Segregation, Seattle Cost Segregation, Tangible Personal Property, Waco Cost Segregation | Leave a comment

Does My Ranch Qualify for Cost Segregation…what is it?

Does my ranch qualify for Cost Segregation and what is it? 1.  Tax Strategy A Cost Segregation Study is a strategic, IRS-approved tax-saving tool.  Cost segregation can be used by those who have constructed, purchased, expanded, or improved any kind … Continue reading

Posted in Accelerated Depreciation, Accelerates Depreciation, Amarillo Cost Segregation, Austin Cost Segregation, Birmingham Cost Segregation, Commercial Real Estate, Cost Segregation, Dallas Cost Segregation, Del Rio Cost Segregation, Denver Cost Segregation, Franklin Cost Segregation, Houston Cost Segregation, Income Tax, Income Taxes, LA Cost Segregation, Land Improvements, Lubbock Cost Segregation, Nashville Cost Segregation, New York Cost Segregation, San Antonio Commercial Real Estate, San Antonio Cost Segregation, Seattle Cost Segregation, Tangible Personal Property, Waco Cost Segregation | Leave a comment

Taco Bell Pockets $600,000 with Cost Segregation

Taco Bell Pockets $600,000 with Cost Segregation using IRS Form 3115. Recently we completed several cost segregation studies for owners of Taco Casa restaurants.  They were so ecstatic that they called a friend of theirs, Jim…owner of 6 Taco Bells, … Continue reading

Posted in Accelerated Depreciation, Accelerates Depreciation, Amarillo Cost Segregation, American Society of Cost Segregation Professionals, ASCSP, Austin Cost Segregation, Birmingham Cost Segregation, Commercial Real Estate, Cost Segregation, Dallas Cost Segregation, Del Rio Cost Segregation, Denver Cost Segregation, Franklin Cost Segregation, Houston Cost Segregation, IRS Form 3115, LA Cost Segregation, Land Improvements, Lubbock Cost Segregation, Nashville Cost Segregation, New York Cost Segregation, Restaurants, San Angelo Cost Segregation, San Antonio Commercial Real Estate, San Antonio Cost Segregation, Seattle Cost Segregation, Taco Bell, Taco Casa, Tangible Personal Property, Waco Cost Segregation | Leave a comment

Dry Cleaner Receives $35,000 Income Tax Refund!

Dry Cleaner Receives $35,000 Income Tax Refund!  You can too! David is the typical small business man.  Obligations out the wazoo!  If you own a small business of any kind you know what I’m talking about!  Problems galore, solutions too … Continue reading

Posted in Accelerated Depreciation, Accelerates Depreciation, Amarillo Cost Segregation, Austin Cost Segregation, Birmingham Cost Segregation, Commercial Real Estate, Cost Segregation, Dallas Cost Segregation, Del Rio Cost Segregation, Denver Cost Segregation, Dry Cleaner, Federal Income Tax, Franklin Cost Segregation, Houston Cost Segregation, Income Tax, Income Taxes, LA Cost Segregation, Land Improvements, Lubbock Cost Segregation, Nashville Cost Segregation, New York Cost Segregation, San Angelo Cost Segregation, San Antonio Commercial Real Estate, San Antonio Cost Segregation, Seattle Cost Segregation, Tangible Personal Property, Waco Cost Segregation | Leave a comment

Cost Segregation Study; Is it Really Worth It?

Cost segregation; is it really worth it? Have you ever wished that you could lower your income tax burden?  Maybe you wish that you had more cash flow to grow your business?  As a business owner, you face a lot … Continue reading

Posted in Accelerated Depreciation, Accelerates Depreciation, ADCPA, AICPA, Amarillo Cost Segregation, American Society of Cost Segregation Professionals, ASCSP, Austin Cost Segregation, Birmingham Cost Segregation, Commercial Real Estate, Cost Segregation, Dallas Cost Segregation, Del Rio Cost Segregation, Denver Cost Segregation, Franklin Cost Segregation, Houston Cost Segregation, LA Cost Segregation, Lubbock Cost Segregation, Nashville Cost Segregation, New York Cost Segregation, San Angelo Cost Segregation, San Antonio Commercial Real Estate, San Antonio Cost Segregation, Seattle Cost Segregation, Tangible Personal Property, Waco Cost Segregation | Leave a comment